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Trade

In recent years, an increasing number of non-OECD countries have become sizable exporters of manufactures, in which there is now a flourishing two-way trade with OECD countries; it accounts for a large portion of the growth in commerce.

The warming of the Arctic could
mean more circumpolar
transportation and access for
the rest of the world—but also
an increased likelihood of
overexploited natural
resources and surges of
environmental refugees.
The Arctic is undergoing an

The structure for the scenarios was derived by identifying two factors that will clearly have a major influence on world trade over the next decade: the availability of natural resources, and the willingness of global organisations to coordinate their actions (see diagram).

This report describes four different scenarios for the future development and state of the European commerce sector. A
scenario describes a plausible hypothesis about the future: it is a tool used in foresight exercises for policy analyses and

ABARE, Australian Commodities, vol. 14 no. 1 March Quarter 2007. Global merchandise trade liberalisation would be expected to generate substantial benefits for the international community, including Australia.

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